Friday broker round-up UPDATE

1st Feb 2013 07:55

Afren: HSBC shifts target price from 190p to 200p, while reiterating an overweight rating. Antofagasta: Exane BNP reduces target price from 1500p to 1350p maintaining an outperform rating. Antrim Energy: Westhouse Securities lowers target price from 70p to 65p and reiterates a buy recommendation.

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London close: Footsie slips after surprise US contraction

30th Jan 2013 16:57

After a decent start, London's FTSE 100 index slipped into the red in the afternoon session, as disappointing gross domestic product (GDP) figures from the US dampened risk appetite. Mining stocks bore the brunt of the selling today, pulling the resource-heavy Footsie down from the four-and-a-half-

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Phoenix hikes dividend and pays off debt

30th Jan 2013 08:38

Shares in Phoenix Group, the consolidator of closed life assurance funds, jumped after it announced a big hike in its dividend and suggested there was more on the way. The company boosted its final dividend by 27% and said it would amend existing dividend conditions, giving it the flexibility to in

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